Question
The Baldwin company currently has the following balances on their balance sheet: Assets $184,834 Common Stock $39,391 Retained earnings $33,376 Suppose next year the Baldwin
The Baldwin company currently has the following balances on their balance sheet: Assets $184,834 Common Stock $39,391 Retained earnings $33,376 Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
Select: 1
| a. | $112,067 |
| b. | $107,624 |
| c. | $68,233 |
| d. | $48,233 |
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Financial Statement Analysis And Earnings Forecasting In Accounting
Authors: Steven J Monahan
1st Edition
1680834509, 978-1680834505
